A move to blockchain technology could save the mutual funds market more than £1.9 billion, according to global funds transaction network Calastone.
The European Commission is set to draw up a roadmap to a sustainable finance framework after receiving a long-awaited report from a high-level expert group (HLEG).
The financial industry could be missing a trick when it comes to the social and environmental impact of investments – the hidden power of women.
Green Bonds issuance is set to hit the US$300bn-a-year-mark following on from a record 2017, according to the Climate Bonds Initiative (CBI).
Last year saw US$155.5bn worth of issuances, beating earlier estimates by some US$30bn, and now Sean Kidney, the CBI's CEO, has made a bullish forecast for 2018.
Conscientious investors seeking to join the race to ensure the sustainability of our planet will be reassured to see the latest report by the Climate Bonds & International Financial Corporation.
The report just released has concluded that green bonds offer either a similar or slightly better performance than that of comparable 'vanilla' or straight bonds.
As the profile of green investments continues to rise it is becoming apparent that there is still some misconception that their performance may not be as good as more traditional financial instruments. This is certainly not the case!
Fossil fuels are firmly out of fashion with investors, and fund managers are adapting to meet new ethical and sustainability objectives.
It has been estimated that burning as little as one-fifth of the known fossil fuel reserves could lead to the climate being pushed over the danger limit for global warming, leading to increasing demands for pension and investment funds to dump their shares in oil and coal companies.
The global Green Bond market is surging ahead with US$28.1 billion of issuances in the first quarter (Q1) of 2017.
This was US$6.6 billion ahead of Q1 2016, which itself heralded a record year for the financial instruments. To put it into context, this figure for three months was well over half the total Green Bond market of US$48.7 billion for the entire 12 months of 2015.
Last year the sector was worth US$95.8 billion, according to analysts Clean Energy Pipeline (CEP), with commentators including Moody’s – whose own figures valued the market slightly lower at US$93 billion in 2016—predicting a further doubling in issuances this year to around US$206 billion
Ireland is to become the first country to fully divest its public investments away from fossil fuels.The Irish Parliament voted 90 to 53 for new legislation that approves the sale of all its investments in the coal, oil and gas sectors.
The country has an €8 billion sovereign wealth fund called the Ireland Strategic Investment Fund, and it is hoped the money freed up will be switched to cleantech and sustainable energy instead.